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Monday, October 12, 2009

Visa and Mastercard upgraded


Credit Suisse found something it liked in Mastercard and Visa, and upgraded both of these names form neutral to outperform, and moved their targets up on MA to 256 from 210, and on Visa to 84 from 70.

I'll take it.

Last Wednesday night, I touted the Oct 72.5 calls on V at .70, and the Nov 75 calls at 1.80, and the Nov 240 calls at 2.50 on MA.

Today you'll be sitting pretty on this names.

And that's this market. It's throwing free money at you; all you have to do is take it.

And not listen to the so-called erudite, intellectual bears, that can't see the coming economic recovery and boom, even though it is unfolding right in front of their eyes!

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